Jonesborough, Tennessee Property Taxes
The median property tax rate in Jonesborough, TN is 0.51%, significantly lower than both the national median of 0.99% and Tennessee's state median of 0.64%. With a median home value of $156,200 in Jonesborough, the typical annual property tax bill amounts to $793, far below the national median of $2,690. Property taxes in Jonesborough are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Jonesborough’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jonesborough or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jonesborough, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$797
Ownwell’s Jonesborough Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesborough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesborough to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Jonesborough, Tennessee
Property taxes in Jonesborough, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesborough is 0.51%, which is significantly lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Jonesborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesborough estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Jonesborough's effective property tax rate to other counties in Tennessee and the national median. For comparison, the zip code 37659 has the highest median property tax rate of 0.51%, while zip code 37640 has the lowest median tax rate of 0.51%. Understanding how these cities compare with Jonesborough provides valuable insights into the varying tax landscape across Carter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesborough Tax Rate
0.51%
Average Carter County Tax Rate
0.51%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesborough, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| 37659 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Jonesborough, Tennessee
In Jonesborough, Tennessee, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Carter County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Jonesborough, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Jonesborough is $156,200. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in the area is $793 in the 37640 zip code, while the lowest is $376 in the 37659 zip code. Being aware of these valuation processes in Jonesborough helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jonesborough Assessed Value
$156,200
Average Carter County Assessed Value
$94,100
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jonesborough, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | $63,900 | $74,900 | $156,200 | $233,050 | $243,600 |
| 37659 | $74,000 | $74,000 | $74,000 | $74,000 | $74,000 |
Source: Ownwell
Property Tax Bills Across Jonesborough, Tennessee
In Jonesborough, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. The property tax rate in Jonesborough is 0.99%, aligning with the national median property tax rate. Homeowners in Jonesborough can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $376, while at the 75th percentile, it rises to $1,155. The highest median tax bill in the area is $793, found in the 37640 zip code, whereas the lowest median tax bill is $376 in the 37659 zip code. Several factors affect these tax bills, including property size, location, and any applicable exemptions. Understanding these elements can help homeowners anticipate their annual tax obligations and budget accordingly. Overall, property taxes in Jonesborough are relatively moderate, but they can still have a significant impact on a homeowner's financial planning.
Average Jonesborough Tax Bill
$793
Average Carter County Tax Bill
$529
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesborough, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37640 | $324 | $380 | $793 | $1,183 | $1,236 |
| 37659 | $376 | $376 | $376 | $376 | $376 |
Source: Ownwell